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Grayscale Bitcoin Trust

650 hedge funds and large institutions have $1.67B invested in Grayscale Bitcoin Trust in 2026 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 255 reducing their positions, and 124 closing their positions.

New
Increased
Maintained
Reduced
Closed

496% more call options, than puts

Call options by funds: $130M | Put options by funds: $21.8M

0.25% less ownership

Funds ownership: 6.42%6.18% (-0.25%)

11% less funds holding

Funds holding: 734650 (-84)

26% less capital invested

Capital invested by funds: $2.24B → $1.67B (-$578M)

33% less funds holding in top 10

Funds holding in top 10: 1510 (-5)

52% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 255

58% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 124

Holders
650
Holders Change
-84
Holders Change %
-11.44%
% of All Funds
8.01%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
52
Increased
122
Reduced
255
Closed
124
Calls
$130M
Puts
$21.8M
Net Calls
+$108M
Net Calls Change
-$80.8M
Name Holding Trade Value Shares
Change
Change in
Stake
CGH
151
CMG Global Holdings
Texas
$1.15M +$1.04M +17,514 +418%
PCP
152
Proficio Capital Partners
Massachusetts
$1.14M -$1.34M -22,480 -51%
QWM
153
Quadcap Wealth Management
Texas
$1.14M -$78K -1,310 -6%
PTC
154
Philadelphia Trust Company
Pennsylvania
$1.14M
EFG
155
Ethos Financial Group
Pennsylvania
$1.11M
GC
156
Grimes & Company
Massachusetts
$1.1M -$12.2K -205 -1%
BSAM
157
Blue Square Asset Management
New York
$1.09M -$2.36M -39,611 -66%
PCA
158
Pallas Capital Advisors
Massachusetts
$1.09M -$596 -10 -0%
IAN
159
Integrated Advisors Network
Texas
$1.07M -$100K -1,681 -8%
ACA
160
Aptus Capital Advisors
Alabama
$1.07M +$378K +6,355 +46%
Carson Wealth (CWM LLC)
161
Carson Wealth (CWM LLC)
Nebraska
$1.06M +$230K +3,860 +24%
PFPG
162
Pinnacle Financial Partners (Georgia)
Georgia
$1.06M -$10.8K -181 -0.9%
SWM
163
Spire Wealth Management
Virginia
$1.05M -$202K -3,398 -15%
EWA
164
Evolution Wealth Advisors
Florida
$1.05M
SW
165
SteelPeak Wealth
California
$1.05M +$107K +1,792 +10%
JF
166
Jump Financial
Illinois
$1.03M +$1.17M +19,570 New
CIC
167
Carnegie Investment Counsel
Ohio
$1.03M -$334K -5,607 -22%
ULWM
168
Upper Left Wealth Management
Florida
$1.02M -$101K -1,696 -8%
VA
169
VestGen Advisors
Illinois
$1.02M -$13.2K -222 -1%
SIA
170
Soltis Investment Advisors
Utah
$1.01M -$19.1K -320 -2%
AIP
171
Almanack Investment Partners
Pennsylvania
$1.01M
GSEP
172
Golden State Equity Partners
California
$996K +$649K +10,897 +136%
MGIA
173
Moneta Group Investment Advisors
Missouri
$996K -$11.5K -193 -1%
JPLA
174
Joseph P. Lucia & Associates
New York
$983K -$113K -1,896 -9%
OWA
175
OakTrust Wealth Advisors
Connecticut
$983K